Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative Agent.
Appears in 33 contracts
Samples: Revolving Credit Agreement (NewStar Financial, Inc.), Revolving Credit Agreement (NewStar Financial, Inc.), Sale and Servicing Agreement (Capitalsource Inc)
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may shall be appointed by the Administrative AgentAgent (acting upon the direction of the Majority Lenders).
Appears in 17 contracts
Samples: Loan and Servicing Agreement (SLR Investment Corp.), Loan and Servicing Agreement (SLR Investment Corp.), Loan and Servicing Agreement (SLR Senior Investment Corp.)
Backup Servicer Removal. The Backup Servicer may be removed, removed with or without cause, cause by the Administrative Agent Agent, or by the Borrower with the prior written approval of the Agent, by notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”)Servicer. In the event of any such removal, a replacement Backup Servicer may be appointed by (i) the Administrative Borrower, acting with the written consent of the Agent or (ii) if no such replacement is appointed within 30 days following such removal, by the Agent.
Appears in 5 contracts
Samples: Loan Funding and Servicing Agreement (Kohlberg Capital CORP), Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.), Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.)
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Backup Servicer (with a copy to the Borrower) (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative Agent.
Appears in 4 contracts
Samples: Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.)
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative Agent.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Sparta Commercial Services, Inc.), Sale and Servicing Agreement (Ares Capital Corp), Sale and Servicing Agreement (Ares Capital Corp)
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent by notice given in writing to the Backup Servicer (the “"Backup Servicer Termination Notice”"). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative Agent.
Appears in 2 contracts
Samples: Loan Certificate and Servicing Agreement (Capitalsource Inc), Certificate and Servicing Agreement (Capitalsource Inc)
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Deal Agent by notice given in writing to the Backup Servicer, the Borrower, the Servicer and the Trustee (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative AgentDeal Agent (acting at the direction of the Lender) with notice thereof given to the Borrower, the Servicer and the Trustee.
Appears in 2 contracts
Samples: Note Purchase Agreement (NewStar Financial, Inc.), Note Purchase Agreement (NewStar Financial, Inc.)
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent by upon 90 days’ prior written notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative Agent.
Appears in 1 contract
Samples: Revolving Credit Agreement (NewStar Financial, Inc.)
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent with the consent of the Majority Purchaser Agents by notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative AgentAgent with the consent of the Majority Purchaser Agents.
Appears in 1 contract
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, by the Administrative Agent (or Borrower with the Agent’s consent in its sole discretion) by notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”). In the event ; provided that notwithstanding its receipt of any such removal, a replacement Backup Servicer may be Termination Notice, the Backup Servicer shall continue to act in such capacity until a successor Backup Servicer has been appointed by the Administrative Agentand has agreed to act as Backup Servicer hereunder.
Appears in 1 contract
Backup Servicer Removal. The Backup Servicer may be removed, with or without cause, upon 30 days notice by the Administrative Agent by notice given in writing to the Backup Servicer (the “Backup Servicer Termination Notice”). In the event of any such removal, a replacement Backup Servicer may be appointed by the Administrative Agent.
Appears in 1 contract
Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)